Social Security Pension Reform in China

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Social Security Pension Reform in China

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Title: Social Security Pension Reform in China
Author: Feldstein, Martin
Citation: Feldstein, Martin. 1999. Social security pension reform in China. China Economic Review 10, No. 2: 99-107
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Abstract: China has legislated a mixed social security pension system with a defined benefit pay-as-you-go portion and an investment-based defined contribution portion. This paper analyses the economics of these two types of systems in the Chinese context and calculates the advantage to China of using an investment-based portion. Several options for reform of the recently legislated system are considered.
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